Statement in lieu of 2004 exam
Posted: Fri Apr 03, 2009 4:40 pm
Is there any reason to prepare a written statement of the circumstances of client taking a $32,000 cash advance 5 1/2 mos. before filing Ch 7? Weinstein and Riley are offering him a stipulation for the whole sum or a 1 time cash settlement for $20,000 (which he can't do). Or just let them file the 523(a)?
Client was a day trader living off stocks whenthe market started going bad. He used up all savings, kept thinking he'd make it back, didn't, made a payment or2 on the cash adv,
and now worksas a theater usher. Has nothing but 2 old cars paid for, worth maybe $10,000.
Thanks,
Vicki
Vicki L. Temkin
Law Office of Vicki L. Temkin
15030 Ventura Blvd., Ste. 19-780
Sherman Oaks, Ca 91403
Ph:(818) 501-4658 /Fx:(818) 501-0903
Is there any reason to prepare a written statement of the circumstances of client taking a $32,000 cash advance 5 1/2 mos. before filing Ch 7? Weinstein and Riley are offering him a stipulation for the whole sum or a 1 time cash settlement for $20,000 (which he can't do). Or just let them file the 523(a)?
Client was a day trader living off stocks when the market started going bad. He used up all savings, kept thinking he'd make it back, didn't, made a payment or 2 on the cash adv,
and now works as a theater usher. Has nothing but 2 old cars paid for, worth maybe $10,000.
Thanks,
Vicki
Vicki L. Temkin
Law Office of Vicki L. Temkin
15030 Ventura Blvd., Ste. 19-780
Sherman Oaks, Ca 91403
Ph: (818) 501-4658 / Fx: (818) 501-0903
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